Meet the Roosevelters

Mike Konczal’s Take on the Democratic Candidates’ Financial Reform Plans

By Mike Konczal | 10.08.15

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After Hillary Clinton released her financial reform agenda in early October, Roosevelt’s Mike Konczal compared her plan and Bernie Sanders’ plan against the “Elizabeth Warren test” for financial reform.

The Elizabeth Warren test calls for five key pieces of financial reform: defending Dodd-Frank, increasing enforcement, reining in the shadow banking industry, a financial transaction tax, and breaking up the banks.

Konczal analyzes the candidates plans:

Clinton gets points on the first four, but approaches the fifth by working through Dodd-Frank rather than against it. Bernie Sanders gets major points on the last two, but hasn’t gotten specific on tackling shadow banking and the broader financial sector.

Mike Konczal is a Fellow with the Roosevelt Institute, where he works on financial reform, unemployment, inequality, and a progressive vision of the economy. His blog, Rortybomb, was named one of the 25 Best Financial Blogs by Time magazine. Follow him on Twitter @rortybomb.